VADDX vs. ^SPXEW
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW).
VADDX is managed by Invesco. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or ^SPXEW.
Correlation
The correlation between VADDX and ^SPXEW is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VADDX vs. ^SPXEW - Performance Comparison
Key characteristics
VADDX:
0.46
^SPXEW:
1.19
VADDX:
0.64
^SPXEW:
1.69
VADDX:
1.10
^SPXEW:
1.21
VADDX:
0.45
^SPXEW:
1.90
VADDX:
2.36
^SPXEW:
6.06
VADDX:
2.74%
^SPXEW:
2.27%
VADDX:
14.23%
^SPXEW:
11.57%
VADDX:
-70.42%
^SPXEW:
-60.83%
VADDX:
-13.30%
^SPXEW:
-5.96%
Returns By Period
In the year-to-date period, VADDX achieves a 4.29% return, which is significantly lower than ^SPXEW's 11.47% return. Over the past 10 years, VADDX has outperformed ^SPXEW with an annualized return of 9.57%, while ^SPXEW has yielded a comparatively lower 8.09% annualized return.
VADDX
4.29%
-11.67%
-1.00%
4.83%
10.25%
9.57%
^SPXEW
11.47%
-3.00%
6.66%
12.37%
8.82%
8.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
VADDX vs. ^SPXEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
VADDX vs. ^SPXEW - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than ^SPXEW's maximum drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for VADDX and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. ^SPXEW - Volatility Comparison
Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 9.40% compared to S&P 500 Equal Weighted Index (^SPXEW) at 4.09%. This indicates that VADDX's price experiences larger fluctuations and is considered to be riskier than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.